Fort Logan Hospital
Stanford, Lincoln County, KY
· CCN 181315
Licensed to Emhfl Inc
Composite
33.5
rank score
Distress
30
FY2023
Fit
50
vs thesis
Estimated ticket
$2.1M–$4.2M
25 beds ·
within envelope
Ownership
nonprofit
CAH
Why it ranks here
- under 30 days cash on hand
- current liabilities exceed current assets
- occupancy 45-60%
- rural — cheaper but limited density
- small but workable bed count
- very small ticket — sub-scale as a platform asset
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $36.5M |
| Operating margin | 28.4% |
| Total margin | 26.0% |
| Days cash on hand | 21 |
| Current ratio | 0.91 |
| Occupancy | 57% |
Facility
| Beds | 25 |
| Facility type | CAH |
| Setting | rural |
| Ownership class | nonprofit |
| Per-bed (low) | $85.0K |
| Per-bed (high) | $170K |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 25 | $24.7M | $2.6M | 16.9% | 11.3% | 30 | 0.27 | 61% | 686 | 41 |
| 2021 | 25 | $28.2M | $7.3M | 14.2% | 23.1% | 19 | 0.38 | 67% | 685 | 47 |
| 2022 | 25 | $34.0M | $6.3M | 17.2% | 18.3% | 18 | 0.80 | 65% | 614 | 31 |
| 2023 | 25 | $36.5M | $9.2M | 28.4% | 26.0% | 21 | 0.91 | 57% | 625 | 30 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Chris Whitworth | corporate director | 2018-01 | ||
| Daniel Mckay | corporate officer | 2018-07 | ||
| Daniel Mckay | w-2 managing employee | 2018-07 | ||
| Dewayne Ruckel | corporate director | 2022-01 | ||
| Donald Pendygraft | corporate director | 2022-01 | ||
| Donna Wardrip | corporate director | 2022-01 | ||
| Ephraim Mcdowell Health Inc | operational/managerial control | 1999-01 | ||
| Eric Caldwell | corporate director | 2018-01 | ||
| James Miller | corporate director | 2022-01 | ||
| Jason Dean | corporate director | 2022-01 | ||
| Jerome Flynn | corporate director | 2018-01 | ||
| Lee Smith | corporate director | 2022-01 | ||
| Shannon Long | corporate director | 2022-01 | ||
| Sharon Mcwhorter | w-2 managing employee | 2018-01 | ||
| William Stafford | corporate director | 2018-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in KY
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2024-04-01 | Bowling Green-Warren County... | The Medical Center At Clinton County Inc | The Medical Center Of Albany | 25 |
| 2024-04-01 | Bowling Green-Warren County... | The Medical Center At Franklin Inc | The Medical Center At Franklin | 25 |
| 2021-10-01 | Deaconess Union County Hospital, Inc | Methodist Health, Inc. | Deaconness Union County Hospital | 25 |
| 2018-07-01 | Arh Mary Breckinridge Health Services Inc | Saint Joseph Health System Inc | Our Lady Of The Way | 25 |
| 2016-01-01 | Bowling Green-Warren County... | Caverna Memorial Hospital Inc | The Medical Center At Caverna | 25 |